GOLD IS THE ONLY #MONEY THAT IS A STORE OF VALUE
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Dead Meat Walking: Sears Revenue & Store Count to Hit Zero by 2020
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Defying my dictum that nothing goes to hell in a straight line. The headline said that shares of Sears Holding jumped “more than 7%” in late trading after it reported more losses and store closures and plunging revenues …
Your amazon store card is probably scamming you
by Underwater_Grilling I noticed a weird charge in my statement that pays my amazon store credit card off. It’s listed as security 5. I didn’t know what it was but the amount kept going up as my card balance went …
If you turn off location history, Google will still store locations when you open Google Maps or do a web search.
In order to turn everything off you need to also disable “web and app activity” in your account – https://myaccount.google.com/activitycontrols/search?pli=1 SAN FRANCISCO (AP) — Google wants to know where you go so badly that it records your movements …
2 Dead, 18 Wounded in Chicago: “Even I’m scared to walk to the corner store”
by stockboardasset Just to start this weekend, Chicago gun violence left two people dead and at least 18 others severely wounded, including a woman killed in a brutal domestic dispute. Last weekend set a record for violent crime, with 12 people …
Retail Collapse: Here Are The 57 Biggest Store Closings
by stockboardasset Closed storefronts are typical in American cities across shopping malls that once flourished in commercial zones of suburbia are now empty and abandoned. As the retail apocalypse deepens, more than 3,800 stores are expected to close across the country …
Chicago’s last SEARS to close for good… Department store apocalypse taking toll on NYC…
Chicago’s last Sears to close for good Sunday Mike Lord remembers treating the Sears at Six Corners as a neighborhood hangout when he was a kid. When his parents pushed to turn off the TV and get outside, he would sneak over …
Walgreens Hit by Dropping Same-Store Sales, Amazon Effect, Offers $10 billion in Financial Engineering, Shares Plunge 10%
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Brick & Mortar Meltdown: Dog of the Dow on 3rd Day in the Dow. It was a melancholic but symptomatic day for the US economy when a once mighty industrial company that manufactures big complex things, …
Store Closures Set to Accelerate this Year, Warns Bloomberg’s Matt Townsend
by FS The following is a summary of our recent FS Insider podcast, “Retail Apocalypse Picking Up Steam, Says Bloomberg’s Matt Townsend,” which can be accessed on our site here on iTunes here. Last year we saw more than 7,000 stores close their …
MASSIVE U.S. Store Closures in 2018! What’s the REAL Reason This Is Happening?
Looking at what has happened over the years, we have seen the rise of the temporary worker. People have been unable to get full-time work since the Financial Crisis as a result of economic woes as well as compounded regulations, …
Trade with China, Bank loans, Chain store sales
by WARREN MOSLER Killing the goose that’s laying the golden eggs: Trump says China has been asked for plan to cut trade imbalance with U.S. Mar 7 (Reuters) — U.S. President Donald Trump said on Wednesday that China has been asked …
2nd amendment in action – Liquor store clerks shoot armed robbery suspect, fight over gun
WARNING: This story contains graphic video. TULSA, Okla. (KTUL) — The owner of Forest Acres Liquor Store has released graphic surveillance video showing a violent run-in with an armed robber. Tulsa police responded to the store near 12th and Memorial just after …
Unemployment benefits, Debt/GDP, Same store sales
by WARREN MOSLER Unemployment benefits are harder to get, as previously discussed: The Next Recession Is Gonna Really Suck As a result, the rate at which unemployed Americans receive layoff compensation overall has fallen from about 36 percent in 2007 to …
Out of Time! Toys R Us Closing 182 Stores (6,403 Store Closings Announced In 2017)
by Anthony B Sanders Toys R Us, along with several other retail stores like Macy’s, Sears, JC Penney (not to mention Limited Stores), are literally “Out of Time.” In other words, that are from a pre-internet shopping/Amazon era. Jan. 24 (Washington Post) …
FACEBOOK wants to know who you sleep with… AMAZON store tracks your every move
Facebook Wants To Know Who Or What You Sleep With Facebook is reportedly asking some users who or what they are sleeping with, and it is not exactly clear why. The social media company often asks people to provide more …
The ‘Death of Malls’ is about to get worse… Store closings expected to increase 33% in 2018
From Business Insider: Retailers are bracing for a fresh wave of store closings in 2018 that is expected to eclipse the rash of closings that rocked the industry last year. “Landlords are panicking,” said Larry Perkins, the CEO and founder of …
We Have Tripled The Number Of Store Closings From Last Year, And 20 Major Retailers Have Closed At Least 50 Stores In 2017
By Michael Snyder Did you know that the number of retail store closings in 2017 has already tripled the number from all of 2016? Last year, a total of 2,056 store locations were closed down, but this year more than 6,700 stores have been shut down …
The Economy Is Okay? U.S. Retail Store Closings Hit A New Record High As West Coast Homelessness Soars
By Michael Snyder If the U.S. economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year? Whenever I write about our “retail apocalypse”, many try to counter my arguments by …
Will Plunging Store Rents Slow the Retail Doom-and-Gloom?
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Landlords are reading the memo, but it may be too late. Shares of Amazon multiplied by a factor of ten since 2009. Shares of Wal-Mart are flat over the past five years but are up 30% …
The Number Of Announced Store Closings So Far In 2017 Is On Track To Smash The Record Set In 2008
by Chris According to the Swiss bank’s calculations, on a unit basis, approximately 2,880 store closings were announced YTD, more than twice as many closings as the 1,153 announced during the same period last year. Historically, roughly 60% of store …
With Bankruptcies And Store Closures On The Rise; What’s Really Causing Retail Meltdown In The U.S?
by Umar Farooq Retailers reportedly are filing for bankruptcy protection at a disturbing rate that’s flirting with recessionary levels. Meanwhile, a steady stream of store closures continues to haunt the battered American retail industry. “US retail store closures …
Layoffs, Store Closures, Recovering Economy? No, Collapsing Economy
Credit card debt is rising in the UK, more families are borrowing at a faster rate. Initial jobless claims hit a 43 year low. ADP reported that only 153k jobs were added. The corporate media is a making a big …